Sydney Australia skyline

Australia Retail April 2020

Australia: Retail sales collapse in April amid lockdown

Preliminary data shows nominal retail sales in April nosedived at the fastest pace on record amid lockdown. They plummeted 17.9% over the previous month in seasonally-adjusted terms, sharply contrasting March’s 8.5% jump which was boosted by fears of shortages of essential products. Preliminary figures are based on data provided by businesses that make-up approximately 80% of total retail turnover.

April’s crash was broad-based. Particularly pronounced falls were recorded in food retailing, cafes, restaurants and takeaways, and clothing, footwear and personal accessories.

In annual terms, retail sales plunged 9.4% in April, contrasting March’s 9.4% surge and marking the sharpest decrease on record. Meanwhile, annual average growth in retail sales dropped from 3.5% in March to 2.4% in April.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest